MTU Aero Engines AG (OTCMKTS:MTUAY) Short Interest Down 51.5% in December

MTU Aero Engines AG (OTCMKTS:MTUAY) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 1,600 shares, a decrease of 51.5% from the November 30th total of 3,300 shares. Based on an average daily volume of 12,800 shares, the days-to-cover ratio is currently 0.1 days.

MTU Aero Engines Price Performance

OTCMKTS MTUAY traded up $2.26 on Friday, hitting $168.13. 4,061 shares of the company were exchanged, compared to its average volume of 9,185. MTU Aero Engines has a 1-year low of $105.54 and a 1-year high of $172.71. The firm has a 50 day moving average of $167.18 and a two-hundred day moving average of $151.37. The company has a current ratio of 1.18, a quick ratio of 0.86 and a debt-to-equity ratio of 0.57. The company has a market cap of $18.10 billion, a P/E ratio of 23.75 and a beta of 1.44.

MTU Aero Engines (OTCMKTS:MTUAY) last posted its quarterly earnings results on Thursday, October 24th. The company reported $2.02 earnings per share (EPS) for the quarter. The business had revenue of $2.08 billion for the quarter. MTU Aero Engines had a return on equity of 23.13% and a net margin of 10.16%. On average, equities analysts predict that MTU Aero Engines will post 7.39 EPS for the current year.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th.

MTU Aero Engines Company Profile

MTU Aero Engines AG, together with its subsidiaries, engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally. It operates through two segments: Original Equipment Manufacturing (OEM Business); and Maintenance, Repair, and Overhaul (MRO Business).